Factors Affecting Preconditioned Calf Price Premiums: Does Potential Buyer Competition and Seller Reputation Matter?
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Feeder-calf prices are determined by the interaction of many factors. This study uses transaction
data from Iowa preconditioned and regular feeder-calf auction sales to quantify the impact of a
wide variety of factors, several of which have not been used in previous studies on feeder-calf
prices. Notably, market premiums for preconditioned sales versus regular sales, feedlot capacity
utilization, and seller reputation are found to be significant factors affecting feeder-calf prices.
Estimated coefficients are then used to predict prices to demonstrate how this information can be
used in making management and marketing decisions.